Food Bank Receives $250,000 in Tax Credits

2 years 9 months 1 week ago September 13, 2013 Sep 13, 2013 Friday, September 13 2013 Friday, September 13, 2013 1:51:00 PM CDT in News
By: Alyssa Caruso, KOMU 8 Reporter

COLUMBIA - The Missouri Department of Economic Development notified The Food Bank for Central and Northeast Missouri Friday it will receive $250,000 in Neighborhood Assistance Program tax credits.

The Missouri Department of Economic Development allows non-profit organizations to apply for the Neighborhood Assistance Program tax credits. The organizations that receive the credits can then solicit various donors which will receive tax deductions as well as 50 percent tax credits that can be applied to the Financial Institutions Tax they have to pay to the state.

The $250,000 in 50 percent tax credits will allow the food bank to receive up to $500,000 from possible donors.

Peggy Kirkpatrick, executive director for The Food Bank for Central and Northeast Missouri, said the incentive for a tax credit will increase donations, and therefore allow the food bank to distribute more food to needy families.

"When you stop and think that with one dollar we can acquire 15 pounds of food, you can do the math on that and see how much food we can get," said Kirkpatrick.

Scott Gordon, communications coordinator for the food bank, said the grant is not guaranteed every year, but it received a similar amount of tax credits in 2012. Donors took up the tax credits in two weeks.

More News

Grid
List
KANSAS CITY (AP) — A 25-year-old man is accused of fatally shooting four of his family members then burning their... More >>
23 minutes ago June 27, 2016 Jun 27, 2016 Monday, June 27 2016 Monday, June 27, 2016 1:16:00 PM CDT in News
JEFFERSON CITY (AP) - The Republican who ushered a sweeping gun rights bill through the House says he hopes lawmakers... More >>
39 minutes ago June 27, 2016 Jun 27, 2016 Monday, June 27 2016 Monday, June 27, 2016 1:00:27 PM CDT in News
ST. LOUIS (AP) — A St. Louis branch of Death Cafe, a group that gathers regularly to discuss death and... More >>
49 minutes ago June 27, 2016 Jun 27, 2016 Monday, June 27 2016 Monday, June 27, 2016 12:50:10 PM CDT in News
KANSAS CITY (AP) — A 49-year-old man has been charged with stabbing his sister to death after an argument about... More >>
1 hour ago June 27, 2016 Jun 27, 2016 Monday, June 27 2016 Monday, June 27, 2016 12:38:34 PM CDT in News
ST. JOSEPH (AP) — Authorities have released the name of a St. Joseph homicide victim. The St. Joseph News-Press... More >>
1 hour ago June 27, 2016 Jun 27, 2016 Monday, June 27 2016 Monday, June 27, 2016 12:32:00 PM CDT in News
ST. LOUIS (AP) — Two men are charged with assault motivated by discrimination for allegedly throwing eggs and shouting racial... More >>
1 hour ago June 27, 2016 Jun 27, 2016 Monday, June 27 2016 Monday, June 27, 2016 12:20:00 PM CDT in News
COLUMBIA - The Columbia Police Department announced Monday in a news release 24-year-old Quenten Maurice Hurt and 23-year-old Darryl Eugene... More >>
2 hours ago June 27, 2016 Jun 27, 2016 Monday, June 27 2016 Monday, June 27, 2016 11:22:00 AM CDT in News
JEFFERSON CITY - The Missouri State Highway Patrol released the results Monday of two sobriety checkpoints conducted over the weekend.... More >>
3 hours ago June 27, 2016 Jun 27, 2016 Monday, June 27 2016 Monday, June 27, 2016 10:36:00 AM CDT in News
JEFFERSON CITY, Mo. (AP) — Former President George W. Bush is coming to Missouri to help raise money for the... More >>
3 hours ago June 27, 2016 Jun 27, 2016 Monday, June 27 2016 Monday, June 27, 2016 10:14:00 AM CDT in News
WASHINGTON (AP) — The Supreme Court has struck down Texas' widely replicated regulation of abortion clinics in the court's biggest... More >>
4 hours ago June 27, 2016 Jun 27, 2016 Monday, June 27 2016 Monday, June 27, 2016 9:26:00 AM CDT in News
JEFFERSON CITY (AP) - Missouri Gov. Jay Nixon has vetoed a bill that would have let people carry concealed guns... More >>
4 hours ago June 27, 2016 Jun 27, 2016 Monday, June 27 2016 Monday, June 27, 2016 9:16:00 AM CDT in News
HAZELWOOD (AP) — Police in the St. Louis suburb of Hazelwood are investigating after three men wearing surgical masks climbed... More >>
4 hours ago June 27, 2016 Jun 27, 2016 Monday, June 27 2016 Monday, June 27, 2016 9:02:55 AM CDT in News
BALLWIN (AP) — Authorities are urging visitors to Castlewood State Park in suburban St. Louis to avoid swimming after two... More >>
4 hours ago June 27, 2016 Jun 27, 2016 Monday, June 27 2016 Monday, June 27, 2016 8:43:10 AM CDT in Continuous News
KANSAS CITY (AP) — Authorities say one of the two people who died when a car ran off an interstate... More >>
6 hours ago June 27, 2016 Jun 27, 2016 Monday, June 27 2016 Monday, June 27, 2016 7:25:00 AM CDT in Continuous News
COLUMBIA - In honor of National HIV Testing Day , Columbia/Boone County Department of Public Health and Human Services will... More >>
10 hours ago June 27, 2016 Jun 27, 2016 Monday, June 27 2016 Monday, June 27, 2016 3:12:00 AM CDT in Top Stories
COLUMBIA – The Columbia I-70 Bridges Project is continuing on schedule and next on the agenda is for the new... More >>
11 hours ago June 27, 2016 Jun 27, 2016 Monday, June 27 2016 Monday, June 27, 2016 2:35:00 AM CDT in Top Stories
JEFFERSON CITY (AP) — Missouri Gov. Jay Nixon says he'll veto a sweeping gun rights bill passed by the Republican-led... More >>
13 hours ago June 27, 2016 Jun 27, 2016 Monday, June 27 2016 Monday, June 27, 2016 12:36:00 AM CDT in News
FESTUS (AP) — Authorities say a Missouri man and his dog have died after being struck by lightning. ... More >>
15 hours ago June 26, 2016 Jun 26, 2016 Sunday, June 26 2016 Sunday, June 26, 2016 10:07:00 PM CDT in News
Columbia, MO
Broken Clouds 88°
2pm 93°
3pm 93°
4pm 93°
5pm 92°

Select a station to view its upcoming schedule:

Coming Up Next

1:00p
Days of Our Lives
2:00p
The Meredith Vieira Show
3:00p
The Dr. Oz Show
1:00p
Maury
2:00p
Rules of Engagement
2:30p
Rules of Engagement

Tonight's Schedule

7:00p
2016 U.S. Summer Olympic Trials
8:00p
American Ninja Warrior
7:00p
Whose Line Is It Anyway?
7:30p
Whose Line Is It Anyway?
8:00p
Whose Line Is It Anyway?
8:30p
Whose Line Is It Anyway?
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld